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Carter's avatar

Saudi Arabia announced back in August at their BRICS summit that they were considering dropping the FRN for oil trade altogether for OPEC nations. Now we are conveniently waging war in the Middle East... sounds like we are being "set up" for the announcement the FRN will lose reserve status/petro status and repudiation of it globally... meaning near instant hyperinflation and 30-40% interest rates! Anything so people don't realize the Fed destroyed the currency... blame Hamas! Blame Putin! Blame Saudi Arabia... anyone but the Fed!

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Carter's avatar

US has nuclear armed planes flying over Saudi Arabia now, and crude and oil are down. What an inverted world!

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